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Donald Trump’s campaign co-chair Chris LaCivita joins Coinbase

Chris LaCivita, Trump’s campaign strategist, joins Coinbase

Coinbase has significantly expanded its political and financial advisory network, bringing on high-profile figures, including Chris LaCivita, co-campaign manager for Donald Trump’s 2024 presidential bid.

This move aligns with Trump’s increasingly pro-crypto stance, positioning the exchange to gain influence in shaping the industry’s regulatory future.

The expansion of Coinbase’s Global Advisory Council follows CEO Brian Armstrong’s recent meeting with Trump, reportedly focused on key personnel appointments.

Alongside LaCivita, the exchange has added former US Senator Kyrsten Sinema, ex-Federal Reserve Bank of New York president Bill Dudley, and Luis Alberto Moreno, a global financial expert.

Their combined expertise across politics, traditional finance, and global markets strengthens Coinbase’s ability to navigate upcoming regulatory challenges.

As the US Securities and Exchange Commission (SEC) under new leadership takes steps toward a formal regulatory framework for crypto, Coinbase’s latest appointments suggest a deliberate strategy to embed itself into policymaking circles.

Trump’s administration has already signaled a pivot toward fostering crypto innovation, further validating the industry’s significance in US financial policy.

Coinbase aligns with Trump’s crypto agenda

Coinbase’s moves come amid Trump’s apparent embrace of the digital asset sector, a shift that has forced industry executives to reassess their strategic priorities.

Brian Armstrong highlighted that crypto has become a dominant topic among financial leaders, with Trump’s administration viewed as a key player in shaping the next phase of regulatory policy.

The exchange has framed its advisory council’s expansion as a crucial step toward cementing American leadership in crypto innovation.

By aligning with figures who hold deep ties to both the Trump camp and financial institutions, Coinbase is reinforcing its ability to advocate for policies that support digital assets.

Armstrong’s engagement with Trump appears to be paying off, as the former president’s team is now actively working on plans to integrate crypto-friendly regulations into its broader economic strategy.

This follows Trump’s recent executive order on digital assets, a move that many analysts see as a direct attempt to challenge the SEC’s traditionally cautious stance on crypto.

Global expansion and US regulation

The timing of Coinbase’s political appointments coincides with its international expansion.

The exchange recently secured approval to operate in Argentina, a country grappling with economic instability and rising crypto adoption.

Argentina’s high inflation rate and devaluation of the peso have driven increased interest in digital assets, providing Coinbase with an opportunity to establish a foothold in a key Latin American market.

Coinbase has framed its Argentine expansion as a commitment to regulatory compliance, security, and financial education, elements that will be essential as it navigates an evolving policy landscape in the US.

With the SEC already forming a task force to oversee crypto regulation, Coinbase’s proximity to political decision-makers could play a pivotal role in shaping how the sector is governed in the coming years.

While Coinbase’s direct ties to Trump’s camp may boost its lobbying efforts, they also raise questions about regulatory neutrality.

With an election on the horizon, the crypto industry faces uncertainty over whether a Trump presidency would deliver on its pro-digital asset rhetoric.

The post Donald Trump’s campaign co-chair Chris LaCivita joins Coinbase appeared first on Invezz

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